The Federal Government has said that it did not fix new petroleum price as announced recently.
The snipet was released on Monday by the bMinister of Labour and Employment, Senator Chris Ngige, made this known at, Presidential Villa Abuja while inaugurating the bipartite plus technical committee on Premium Motor Spirit, PMS, pricing framework .
Ngigie was quoted as saying that b the government did not fix the new PMS pump price that took effect in the country on Monday.
He noted that the new N162.44k fuel price was arrived at from the commercials like demurrage, transshipment and storage.
He said: “Make no mistake about it. Government has taken the backseat. Government did not fix the price that took off from today.
“It was a price reduction gotten from the commercials like demurrage, transshipment and storage.
“This Committee is expected to do more to enthrone transparency in the area,” Ngige said